17 Education & Technology Group Inc. cash flow statement

In fiscal 2025, 17 Education & Technology Group Inc.'s operations generated $5.2m of cash; it spent $954,827 on capital projects, leaving free cash flow of $4.2m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

17 Education & Technology Group Inc.: cash flow statement, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−63	−91	−76	−234	−69	−30	−19	5
Depreciation and amortisation	2	3	6	10	4	2	2	1
Stock-based pay	19	13	52	30	19	12	9	4
Capital spending	5	7	13	20	0	4	1	1
Free cash flow	−69	−98	−89	−254	−69	−34	−21	4
Free cash flow after stock pay	−87	−112	−140	−284	−89	−46	−29	−0
Share buybacks	3	—	—	—	—	—	—	—
Shares issued	—	—	—	—	—	—	3	4

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from 17 Education & Technology Group Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to 17 Education & Technology Group Inc.